WASHINGTON – The United States imposed sanctions yesterday on 10 people and 13 groups in a Venezuelan food subsidy scheme the U.S. Treasury said lined the pockets of President Nicolas Maduro, his stepsons and others as ordinary Venezuelans suffer food shortages.

The Treasury Department said Colombian national Alex Nain Saab orchestrated a vast corruption network for food imports and distribution in Venezuela and profited from overvalued contracts, including the food subsidy programme. Saab bribed Maduro’s three stepsons to win no-bid, overvalued government contracts, said Sigal Mandelker, undersecretary for terrorism and financial intelligence.

“Alex Saab engaged with Maduro insiders to run a wide-scale corruption network they callously used to exploit Venezuela’s starving population,” Treasury Secretary Steven Mnuchin said in a statement. “Treasury is targeting those behind Maduro’s sophisticated corruption schemes, as well as the global network of shell companies that profit from” the country’s military-controlled food distribution program, he said. (Reuters)…[+]